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Tuesday, January 26th at 1PM
LaBelle Civic Center
481 W State Rd 80, LaBelle FL 33935
DEC. 16TH & JAN. 6TH, 9AM - NOON
Florida Southwestern State College
1092 E Cowboy Way, LaBelle, FL 33935
These properties include groves located in three distinct locations throughout Northern Hendry County plus an industrial lot located within the LaBelle, FL city limits. The twelve farmland tracts offered present a great investment opportunity for farmers, developers and investors alike. The portfolio consists of a mix of mature citrus, pasture and transitional farmland as well as commercial and residential building lots. The Valencia crop for 2015-2016 season is included in the sale and will belong to the Buyer(s).
FLATWOOD GROVES: TRACTS 1-7
There are 516 gross acres at the Flatwoods Groves that includes a total of 408 acres of mature oranges consisting of 66 acres of Hamlins, 32 acres of Parson Browns, 36 acres of Pineapples and 275 acres of Valencias. The Flatwoods property is located in the Gerber Groves subdivision, which is a 6,400 acre water control district that was developed in the early 1960s. Historically, the Gerber Groves subdivision was predominately planted to citrus, however in recent years there have been a significant number of acres converted to row crop farmland. The cost to operate and maintain irrigation and drainage infrastructure, including canals, pump stations, culverts, water retention areas and roadways are paid on a pro-rata basis by the landowners in the district on a per-acre basis.
BARFIELD GROVES: TRACT 8
This property has an easy to access road network, a 40x60 ft pole barn, an excellent irrigation and drainage system consisting of well maintained canals and ditches, 11 permitted wells with 5 irrigation pumps, and 3 throwout pumps in place. The current water permit provides for 215 million gallons annually. There is also a surface water management permit in place that includes mining of steel and limerock from the reservoir. The pasture has excellent soils and is readily convertible into productive row crop farm ground that could qualify for organic certification.
RIVER ROAD GROVES: TRACTS 9-12
The River Road Grove consists of 264 gross acres with 157 planted tree acres (47 acres of Hamlins and 110 acres of Valencias). The property also includes 58 cleared acres, a 12 acre reservoir, and a 4 acre homesite. Water is available to this property via two sources: an easement delivering water from the C43 Canal and four permitted wells. The current water permit provides for 91 million gallons annually. If the River Road Grove is sold to a single buyer, the permit and easement will be transferred in their current state. If the property is sold in multiple tracts, the Seller will request the permits and easement to be transferred and modified and a shared usage and maintenance agreement will be entered into for the benefit of all buyers.
1150 Commerce Dr., LaBelle, FL 33935
2 acre vacant industrial lot located next to LaBelle Municipal Airport south of the central business district of the city of LaBelle in the LaBelle Airport Commerce Park.
PROCEDURE: The property will be offered in 13 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sales price.
ACCEPTANCE OF BID PRICES: All successful bidders will sign a Real Estate Purchase and Sale Agreement (the “Purchase Agreement”) at the auction site immediately following the close of the auction. All final bid prices are subject to acceptance or rejection by the Seller and the Bankruptcy Court, if applicable. Any Purchase Agreement accepted by the Seller will be submitted to the Bankruptcy Court for approval, if applicable.
DOWN PAYMENT: Ten percent (10%) of the total contract purchase price is due at the close of the auction, upon signing the Purchase Agreement. The down payment may be paid in the form of wire transfer, personal check, business check, or cashier’s check. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
CLOSING: The closing date will be as soon as practical, but no longer than 30 days following final approval by the Bankruptcy Court.
POSSESSION: Possession will be given at closing unless otherwise agreed. The Valencia crop for 2015-2016 season is included in the sale and will belong to the Buyer(s).
REAL ESTATE TAXES & ASSESSMENTS: The 2016 calendar year taxes and assessments shall be prorated to the date of closing. Seller will be responsible for all prior taxes and assessment. Buyer(s) will be responsible for all subsequent years’ taxes and assessments. Special assessments, if any, shall be paid by Buyer(s).
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title. Solely the Seller shall determine any need for a new survey unless State or local law requires such surveys. The Seller shall pay the cost of the survey. The type of survey performed shall be at the Seller’s option and sufficient for providing title insurance and the transfer of merchantable title.
TITLE: Seller shall furnish to Buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price and agrees to provide a proper deed conveying merchantable title to the real estate to the successful Buyer(s) free and clear of liens, and if applicable, pursuant to an Order to be entered by the Bankruptcy Court.
MINERAL RIGHTS: The sale shall include any and all mineral rights owned by the Seller, if any.
EASEMENTS & LEASES: Sale of the property is subject to any and all easements.
PERMITS: Specific tracts are benefited by South Florida Water Management District water use permits 26-00278-W, 26-00179-W and 26-00215- W. If Tracts 9-12 (permit 26-00215-W) are sold together, the Seller will request that the permit to
be transferred to the successful Buyer. If Tracts 9-12 are sold in multiple tracts, Seller shall request the permits to be transferred and modified, if required, for the benefit of all Buyers by SFWMD.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Murray Wise Associates LLC (“MWA”). Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. The Seller or MWA assumes no liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and MWA reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, or etc. The Seller and MWA reserve the right to require proof of a bidder’s financial capacity to close on its bid as a condition of accepting a bid. All decisions of the auctioneer are final.
AGENCY: Murray Wise Associates LLC and its representatives are exclusive agents of the Seller.
SELLER: Nobles LaBelle Grove LLC, Lewis J. Nobles III, Matthew J. Miller, and Elizabeth Miller, along with Flatwood Citrus Groves, Inc., Nobles Farms, Inc., and Southwest Florida Holdings Co., Inc., as Debtors, in their pending chapter 11 reorganization cases styled as In re: Flatwood Citrus Groves, Inc. (Case No. 9:15-bk-10697-CED), In re: Nobles Farms, Inc. (Case No. 9:15-bk-10698-CED), and In re: Southwest Florida Holdings Co., Inc. (Case No. 9:15-bk-10713-CED), jointly administered under In re: Immokalee Tomato Growers Partnership Case No. 9:15-bk-10695-CED pending before the United States Bankruptcy Court Middle District of Florida Fort Myers Division.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
NOTE: Videotaping, flash photography, and/or public announcements will be allowed on auction day ONLY with prior approval of Murray Wise Associates LLC.
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Murray Wise Associates LLC
1605 South State Street, Suite 110
Champaign, IL 61820
800.607.6888 (Toll free)
Real Estate and Farm Management
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